SHENZHEN, China, Nov. 21 /PRNewswire/ -- The Chief Executive Officer of Jingwei International Limited (OTC Bulletin Board: JNGW; "Jingwei"), one of the leading providers of data mining and customer relationship marketing services in China, today commented on recent stock activity and reaffirmed the Company's fiscal 2008 outlook.
Regis Kwong, Chief Executive Officer of Jingwei International, stated, "While it is not common practice for us to comment on our stock price, in response to the recent volatility we wanted to assure our shareholders that we believe there is no business performance related issue behind the recent decline in the price of our common stock. Our business remains well-positioned to meet or exceed our top and bottom-line growth targets for the current fiscal year. At the present time, our available cash resources are sufficient to execute our business plan and we remain focused on accelerating our organic growth rate and resulting cash flows. We are confident that the execution of our business plan will result in the creation of value for our loyal shareholders. Our Chairman George Du, as announced in a previous press release, along with other executives has initiated purchasing of stock in open market transactions."
About Jingwei International Limited
Jingwei International Limited ("Jingwei") is a leading provider of data mining and customer relationship marketing services in the fast growing Chinese market. Powered by advanced data mining technology and a proprietary database of over 300 million Chinese consumers, Jingwei enables leading Chinese companies as well as international brands to reach their target audiences. The Company's services include market segmentation, customer trend, revenue analysis and direct marketing. Jingwei is evolving into an integrated marketing service provider with targeted campaigns via multi media channels including: interactive mobile, telemarketing, direct mail and new media.
For more information, please visit the Company's web site: http://www.jingweicom.com .
Safe Harbor Statement
Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time. For more information, please contact:
